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The BOC is widely expected to cut rates when it meets tomorrow, which naturally will be the big news for the CAD. But, given the similarities and interconnectedness with the US economy, investors will also be looking to see if this is another occasion of the BOC “leading” the Fed. Typically, the BOC meets before the FOMC, meaning it responds to the ...
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Traders are bracing for weakness in the Canadian dollar amid wagers that local policymakers will likely reduce interest rates before their peers at the U.S. Federal Reserve. That rate differential — which some on Wall Street expect to widen when the Bank of Canada meets on Wednesday — is already fueling one of the worst performances among Group-of-10 ...
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